Keppel REIT broke down from the Rectangle (a consolidation pattern for close to 8 months) and starts down trend. This is not unexpected due to the high gearing ratio which is very sensitive to interest rate hike.
Base on previous chart pattern, 20D SMA is a reliable resistance when Keppel REIT is on down trend. So, it is a good opportunity to short when there is a dead cat bounce back to 20D SMA resistance.
Learn how to Short Sell Singapore Stocks here.
Keppel REIT Fundamental Data
- Last Done Price = $1.14
- NAV = $1.39
- Price / NAV = 0.82
- Price / NAV (High) = 1.13
- Price /NAV (Low) = 0.80
- Gearing Ratio = 42.4%
- Distribution Yield = 5.965%
See other Singapore REITs Fundamental Analysis Comparison Table here.